From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #135 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Wednesday, March 4 1998 Volume 02 : Number 135 In this issue: Re: [CANSLIM] TNFI [CANSLIM] "M" RE: [CANSLIM] SFSK action [CANSLIM] 401(k) Revisited RE: [CANSLIM] SFSK action Re: [CANSLIM] KELL Re: [CANSLIM] SFSK action [CANSLIM] World Markets [CANSLIM] yikes - intc warning Re: [CANSLIM] yikes - intc warning [CANSLIM] after hours quotes Re: [CANSLIM] yikes - intc warning Re: [CANSLIM] after hours quotes [CANSLIM] Non-canslim (economics?) Re: [CANSLIM] Non-canslim (economics?) [CANSLIM] EPIQ Re: [CANSLIM] Screening result. Re: [CANSLIM] EPIQ [CANSLIM] Some my office has been buying Re: [CANSLIM] EPIQ Re: [CANSLIM] EPIQ ---------------------------------------------------------------------- Date: Tue, 03 Mar 1998 18:21:29 -0700 From: Tim Fisher Subject: Re: [CANSLIM] TNFI At 12:23 PM 3/3/98 -0800, you wrote: >A stock mentioned in today's IBD, North Face(TNFI), looks pretty >ripe for a potential breakout. Has high EPS and RS numbers, A/D is >A. A breakout would be around 29-29 1/2. Avg Daily Volume is 276K. > >It is down today however, so no boost from IBD. > I doubt even IBD could boost a stock this week. My portfolio is showing severe signs of a short term market top. The winners sell off first, and I have stopped out of 4 stocks since late last week. I'm staying in cash as I get stopped out until I see some signs that things are turning around. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Tue, 03 Mar 1998 21:43:25 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] "M" Tom, What do these comments mean about the "M"? I guess I just never will understand the "Worley M". > I would disagree that either "M" or the stock had given me distributional > signals. Volume remained extremely heavy, often 20-30 times ADV, it opened > up almost consistently (in fact when it didn't it was a warning signal it > was getting too pricey), and both NYSE and NASDAQ had weathered overbot > conditions without the moving avg on down vol upticking, and had moved back > to a neutral stance. > I just don't know what these have to do with WON's "M". Friday was a classic "distribution day" in the NYSE, SP and Nasdaq and the Sentiment numbers are lously, but not yet at 52 week marks. What are you referring to when you speak of overbot siganls on the indices and where do you find the CANSLIM "M" analysis to speak in terms of average daily volume? By the way, today's action in the NAS (a five day low, closing virtually changed on increased volume over Monday) was quite bullish, in my opinion. I'm counting (1% on volume works from these types of lows, as well). Until then, I'll watch the weakest positions in my bag, and avoid intiating any new ones. Thanks for your explanation on EPIQ. Good luck on it. Jeffry - - ------------------------------ Date: Tue, 3 Mar 1998 19:05:24 -0800 (PST) From: Rolatzi Subject: RE: [CANSLIM] SFSK action Tim: I will wait until the Q1 earnings come out, in that case. Do you have a date for that announcement? Thanks, Rich - ---Tim Fisher wrote: > > Well, we'll see who's right. I have a stop based on recent support around > 55. I think that their Q1 earnings are going to blow away estimates, since > estimates have not been changed to reflect the fact that they are getting > their product, which is mfgr'ed in Thailand, at a hell of a discount. It's > on my list of two or three to which I will add to my position if it breaks > out while I have cash lying around. Also, they have the upcoming split and > the acquisition of one of their competitors to factor in to future earnings. > > At 10:15 AM 3/3/98 -0800, you wrote: > > > > > >Safeskin IMHO is too extended. It is begining to look tired and maybe > >topping out. The timeliness has moved from A to B this past week and > >the relative strength is beginning to decline. I'm considering > >shorting this baby if its numbers continue to decline. > > > >Ciao, > >Rich > > > > Tim Fisher / tfish@spiritone.com > Ore-Rock-On and Pacific Fishery Biologists WWW Sites: > http://www.spiritone.com/~tfish > See naked fish and rocks! > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Tue, 03 Mar 1998 19:33:23 -0800 From: "Timothy A. Budd" Subject: [CANSLIM] 401(k) Revisited Mr. Tim Fisher, spoke thusly: >Or do as I did: pester your plan administrator into getting a 401k with a >firm that hooks up with a brokerage house and lets you trade your >contributions. We got Diversified Investment Advisors and they offer a >Personal Choice Retirement Account wherein I can transfer my contributions >to Schwab and do what I like with them. Ok, Tom, I will try better to live up to the reputation, although I am a part of the 12 step program "Plain English for Laywers." Yes, this does lable me as a pariah in the field, but I persevere. Anyway, yes, Tim I have tried this. However, from what I understand, our 401K provider (a large insurance company), has peppered the service agreement with so-called posion pills throughout the contract. If we attempt to pull our account, we may get hit with significant penalties (fees, charges, etc.) that make it cost prohibitive to change. At least this was the party line when I suggested changing. So I will "blindly" throw a percentage of my income into the 401(k) as a forced savings and open up a Datek account... __________________________________________________________________________ "I can picture in my mind a world without war, a world without hate. And I can picture us attacking that world, because they'd never expect it." J.Handey - - ------------------------------ Date: Tue, 3 Mar 1998 20:16:50 -0800 From: Mike Lucero Subject: RE: [CANSLIM] SFSK action DGOnline says 4/23. Mike On Tuesday, March 03, 1998 7:05 PM, Rolatzi [SMTP:rolatzi@yahoo.com] wrote: > > Tim: > > I will wait until the Q1 earnings come out, in that case. Do you have > a date for that announcement? > Thanks, > Rich > > > > ---Tim Fisher wrote: > > > > Well, we'll see who's right. I have a stop based on recent support > around > > 55. I think that their Q1 earnings are going to blow away estimates, > since > > estimates have not been changed to reflect the fact that they are > getting > > their product, which is mfgr'ed in Thailand, at a hell of a > discount. It's > > on my list of two or three to which I will add to my position if it > breaks > > out while I have cash lying around. Also, they have the upcoming > split and > > the acquisition of one of their competitors to factor in to future > earnings. > > > > At 10:15 AM 3/3/98 -0800, you wrote: > > > > > > > > >Safeskin IMHO is too extended. It is begining to look tired and > maybe > > >topping out. The timeliness has moved from A to B this past week and > > >the relative strength is beginning to decline. I'm considering > > >shorting this baby if its numbers continue to decline. > > > > > >Ciao, > > >Rich > > > > > > > Tim Fisher / tfish@spiritone.com > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites: > > http://www.spiritone.com/~tfish > > See naked fish and rocks! > > > > - > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > > - - ------------------------------ Date: Wed, 04 Mar 1998 05:51:01 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] KELL On Tue, 3 Mar 1998 10:51:31 -0500, you wrote: : :One of my core holdings seems to be breaking out :of a W type of base. I used the opportunity to :add some more. I do not have the CANSLIM stats :with me here at work but they look pretty good. :My only problem with the stock is that the insider :ownership is only 7%. :I am interested in hearing people's opinions about :Kellstom (KELL) from a technical standpoint. =20 :Today it is one of the very few stocks :that I track that is up. :Oli : I caught sight of this stock a couple of months ago and thought it a good opportunity (possibly). It hasn't done all that well. However, looking at it now, it appears promising. The chart looks good. EPS 99, RS 89. Accelerating earnings growth. Pretty strong CANSLIM numbers across the board. Up 9% or so today, but it looks like it may have some real upside momentum to play out yet. There is news today of a $20 million acquisition, which probably accounts for the breakout. Also, it was a very good day for the airlines, and this Co. is closely aligned, obviously. Pasting the story below. Dan - -------------------------------------------------------------------------= - ---- Tuesday March 3, 8:15 am Eastern Time Company Press Release Kellstrom Industries, Inc. To Acquire Integrated Technologies Corp. =46or Approximately $20 Million SUNRISE, Fla.--(BUSINESS WIRE)--March 3, 1998--Kellstrom Industries, Inc. [NASDAQ: KELL] today announced that it signed a definitive agreement to acquire privately held Integrated Technologies Corp. (``ITC'') for approximately $20 million in cash plus an earn-out payable if ITC surpasses certain earnings before tax thresholds over a three year period. Kellstrom expects to fund the purchase from its current bank facility. Closing of the transaction, which is scheduled to take place within 30 days, is subject to completion of certain legal due diligence requirements by Kellstrom and compliance with the Hart-Scott-Rodino Antitrust Improvements Act.=20 ITC is a leading after-market supplier of jet engines and jet engine parts for the airline industry. It also provides related services such as engine leasing. ITC's principal product line features the Rolls Royce RB-211, Pratt & Whitney JT8D and Rolls Royce Allison models, and, to a lesser extent, it supplies Pratt & Whitney JT9D engines and parts. ITC has some 75 customers worldwide, including major commercial airlines and jet engine repair facilities. It has both an in-house sales force and international sales representatives. Founded in 1986, ITC is headquartered in Ridgefield, New Jersey.=20 =46or the years ended December 31, 1995, 1996 and 1997, ITC's revenues approximated $16 million, $29 million and $30 million, respectively. After adjustments for shareholder withdrawals and differences in accounting policies, ITC's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) margins were similar to those of Kellstrom for these periods.=20 As part of this transaction, Kellstrom received a three year option to purchase Mr. Vaisman's 49% interest in Flight Support, Inc., an FAA- approved overhaul facility which specializes in the repair of turbine blades for Pratt & Whitney engines. Founded in 1973, Flight Support recorded approximately $4.5 million of revenue in 1997.=20 ITC's Founder, President & CEO, Mr. Gideon Vaisman, will join Kellstrom after the closing as Senior Vice President and Manager of the Rolls Royce and JT8D product line Division. In addition, ITC's management and employees are expected to join Kellstrom. Prior to founding ITC, Mr. Vaisman spent 14 years at Chromalloy's Research & Technology Division as Chief Engineer and General Manager in Orangeburg, New York. There he was intimately continuously involved in development, marketing and production phases of the overhaul and repair of jet aircraft engine components. After earning his degree in mechanical and metallurgical engineering, Mr. Vaisman spent the next several years in France and the United Kingdom undergoing on-site aeronautical application training.=20 Kellstrom's President & CEO, Zivi R. Nedivi, stated, ``This transaction is the right move at the right time for a number of reasons. While Kellstrom and ITC are in similar businesses, we specialize in different engine models. We expect this to create cross-marketing opportunities for both branches of our combined businesses. We also enhance our senior level management team with Mr. Vaisman, who brings a 25-year- deep reservoir of industry knowledge and experience as well as established customer relationships. We expect the integration of both organizations to be swift and smooth. It will immediately enlarge Kellstrom's market share and critical mass and we expect this acquisition, net of one-time-expenses, to be immediately accretive to Kellstrom's earnings.''=20 Yoav Stern, Chairman of the Board of Kellstrom added, ``This is again a case where we concluded that all components are accretive, and not only financially. Mr. Vaisman and his team will add technological and managerial depth to our team. ITC's financial formula was strong and similar to Kellstrom's. However, ITC's ability to maximize opportunities has been limited in the past, and its business will be substantially enhanced as a result of availability of capital resources. We believe, therefore, that the expansion into new market segments (Rolls Royce and JT8D) while leveraging ITC's strong presence, opens up new opportunities for accelerated profitable growth, without paying the costs of penetrating those niches from ground zero.''=20 Kellstrom Industries, Inc. is a leader in the airborne equipment segments of the international aviation services after-market. Kellstrom's principal business is the purchasing, refurbishing (through subcontractors), marketing, reselling and leasing of aircraft jet engines, jet engine parts and commercial aircraft. The Company is also a leading international after-market reseller of turbo-jet engines and turbo-jet engine parts for helicopters and large transport aircraft. The Company specializes in providing engines and parts for large turbo- fan engines manufactured by General Electric, CFMI, Pratt & Whitney and Rolls Royce. The engine types serviced and supplied by the Company cover the vast majority of the total world jet engine supply. The Company is also an approved supplier to an international customer base including major domestic and international airlines, OEMs and engine overhaul shops.=20 The Company, from time to time, may discuss forward-looking information. This press release contains forward-looking statements. These forward-looking statements are based on many assumptions and factors, and are subject to many conditions, including the Company's continuing ability to effectively integrate the acquired company, acquire adequate inventory and to obtain favorable pricing for such inventory, the ability to arrange for the repair of aircraft engines by third-party contractors prior to resale or lease, competitive pricing for the Company's products, customer concentration, demand for the Company's products which depends upon the condition of the airline industry, ability to collect receivables, government regulation, and the effects of increased indebtedness as a result of the Company's business acquisitions. Except for the historical information contained in this release, all forward-looking information are estimates by the Company's management and are subject to various risks and uncertainties that may be beyond the Company's control and may cause results to differ from management's current expectations.=20 - - ------------------------------ Date: Wed, 4 Mar 1998 07:32:08 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] SFSK action DG Online shows earnings due 4/23 Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Rolatzi To: canslim@lists.xmission.com Date: Tuesday, March 03, 1998 10:02 PM Subject: RE: [CANSLIM] SFSK action > >Tim: > >I will wait until the Q1 earnings come out, in that case. Do you have >a date for that announcement? >Thanks, >Rich > > > >---Tim Fisher wrote: >> >> Well, we'll see who's right. I have a stop based on recent support >around >> 55. I think that their Q1 earnings are going to blow away estimates, >since >> estimates have not been changed to reflect the fact that they are >getting >> their product, which is mfgr'ed in Thailand, at a hell of a >discount. It's >> on my list of two or three to which I will add to my position if it >breaks >> out while I have cash lying around. Also, they have the upcoming >split and >> the acquisition of one of their competitors to factor in to future >earnings. >> >> At 10:15 AM 3/3/98 -0800, you wrote: >> > >> > >> >Safeskin IMHO is too extended. It is begining to look tired and >maybe >> >topping out. The timeliness has moved from A to B this past week and >> >the relative strength is beginning to decline. I'm considering >> >shorting this baby if its numbers continue to decline. >> > >> >Ciao, >> >Rich >> > >> >> Tim Fisher / tfish@spiritone.com >> Ore-Rock-On and Pacific Fishery Biologists WWW Sites: >> http://www.spiritone.com/~tfish >> See naked fish and rocks! >> >> - >> >> > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ Date: Wed, 4 Mar 1998 08:04:49 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets With an hour and a half to go to the US mkts opening, it's not a pretty picture. Asia was a mixed bag, however Europe is mostly down and both France and Germany are down 1%, UK down 0.65%. Chile has opened, and it's down nearly half a percent as well, so I expect the downtrend to show up throughout the North and South American exchanges. The S&P500 futures are off about half a percent, while NASDAQ100 is off over 1%, likely reflecting the problems created yesterday about tough pricing in the PC mkt in January, earnings downgrades, and further negative comments about the semiconductor industry likely to hit new lows by summer. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Wed, 4 Mar 1998 13:31:50 -0800 From: "Patrick Wahl" Subject: [CANSLIM] yikes - intc warning After the market close, Intel warned of lower than expected earnings in the first quarter. As a bellwether type stock, this probably means bad things for tomorrow's market. The Globex S&P futures quotes on the CME (www.cme.com) might give an idea of what is going to happen on the open tomorrow. - - ------------------------------ Date: Wed, 4 Mar 1998 17:04:33 -0500 From: "Surindra Singh" Subject: Re: [CANSLIM] yikes - intc warning Pat: NSDQ 100 is down 1975 g> CONTRACT LAST NET CHGE S&P 500 MAR98 1038.10 -980 E-MINI MAR98 1038.50 -950 JUN98 1049.25A -975 NSDQ100 MAR98 1161.00 -1975 - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Wednesday, March 04, 1998 4:38 PM Subject: [CANSLIM] yikes - intc warning After the market close, Intel warned of lower than expected earnings in the first quarter. As a bellwether type stock, this probably means bad things for tomorrow's market. The Globex S&P futures quotes on the CME (www.cme.com) might give an idea of what is going to happen on the open tomorrow. - - - - ------------------------------ Date: Wed, 4 Mar 1998 14:47:29 -0800 From: "Patrick Wahl" Subject: [CANSLIM] after hours quotes Anyone know where to get after hours quotes on stocks? I usually don't worry too much about those things, but today I am curious what is happening to Intel. Futures prices have fallen a bit futher since Surindra's post, Nasdaq 100 is down 30, which might be a limit move. - - ------------------------------ Date: Wed, 4 Mar 1998 18:08:00 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] yikes - intc warning How right you are Patrick. For once I'm glad I'm in cash. S&P500 down one percent, but NASDAQ 100 already down over 2.5%. It's not a pretty picture. As just one example of the fallout's range, DELL (which got battered Tuesday on "profit taking" after the comments by CPQ on a tough pricing environment in January, then managed to regain about half the loss closing down 4.5, then today rallied on heavy volume to close up 7.75, was as a result of INTC's news back down 7 in aftermkt trading to 131. I suspect aftermkt trading will be worse than what we will see in regular day trading tomorrow, but either way it's going to be ugly. Looks to me like the effects of the Asian flu are finally being measured, just when the mkt was thinking it was no big deal after all. Hope this chases some money into the small caps! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Wednesday, March 04, 1998 4:31 PM Subject: [CANSLIM] yikes - intc warning After the market close, Intel warned of lower than expected earnings in the first quarter. As a bellwether type stock, this probably means bad things for tomorrow's market. The Globex S&P futures quotes on the CME (www.cme.com) might give an idea of what is going to happen on the open tomorrow. - - - - ------------------------------ Date: Wed, 4 Mar 1998 18:22:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] after hours quotes Patrick, Don't recall where you can get them online, but I called my sub-leasing trader, he shorted Intel at 77, which is where it reopened in aftermkt, was forced to cover when it started moving back up, got as high as 78 (which is still down 8.5). It's now trading at 74, down 12 and change. We could be looking at the mkt down 200 pts tomorrow. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Wednesday, March 04, 1998 5:46 PM Subject: [CANSLIM] after hours quotes Anyone know where to get after hours quotes on stocks? I usually don't worry too much about those things, but today I am curious what is happening to Intel. Futures prices have fallen a bit futher since Surindra's post, Nasdaq 100 is down 30, which might be a limit move. - - - - ------------------------------ Date: Wed, 04 Mar 1998 19:20:53 -0500 From: "J. O'Malley" Subject: [CANSLIM] Non-canslim (economics?) To the group, I was wondering where the group sees mortgage interest rates going(rise or fall)? I watched the bond market rise today as the stock market slumped. In addition, I have been watching the FED as well as Greenspan's presentation on the Hill. I am settling on a home in 30 days, and would appreciate the groups economic insight. "To Lock(in) or not to Lock...That is my quest" Thanks in advance! Jerry O'Malley Philadelphia, PA - - ------------------------------ Date: Wed, 4 Mar 1998 20:14:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Non-canslim (economics?) Trying to call it for a short period like 30 days is tough, but will share some thoughts and observations. The two prior trading days resulted in the bond mkt being oversold (prices down, yield rates up) hence today's half point gain. Last week we got back up to the 6% yield, and there was a rush to buy, driving the yield back down. This time we went right thru 6% solidly before seeing real net buying. Still, 6% is a psychological level. I expect to see us drop back below that, probably tomorrow as money rushes out of the stock mkt. CPQ's warning about a tough pricing environment in January at a convention wasn't, by itself, that abnormal. January is usually a tough month for PC mfrs. However, it was a signal they may miss full qtr estimates. Intel's news tonight after the close was, however, the "second shot across the bow" regarding the tech sector, which has once again led the stock market out of its doldrums. There are also warnings about the semi-conductor industry hitting new lows by summer (traditionally their slowest and lowest time of year anyway). The disk storage group has also been struggling to recover from excess capacity. Add it all together, and it paints a bleak short term picture for tech groups, which have been mkt leadership. Add to that the expectation (unfounded, pure fantasy) that the next move by the Feds would be to cut rates to prevent recession, brought on in part by the Asian Flu, and Greenspan's recent testimony which clearly put down that idea as nothing more than fantasy, and the bond mkt was bound to correct towards lower prices and higher yields as it sold off. In addition, one of the major factors that drove us under 6% yields was the influx of "safe haven" money, mostly from Asia. That has now largely stopped, if not shifted back towards Asia and many undervalued (or so perceived, at least) opportunities. As a guide to what the very short term yield rates may do, watch the stock mkt. If we see a sustained selloff on equities then some of that money is bound to go into bonds, thus driving the yield back under 6%. However, I would not expect it to reach lows below where we were just a few weeks ago (e.g. 5.85 to 5.90). As always, just one man's humble opinion. I have included one person for a blind copy of this post. I respect his opinion on economics (he knows who he is) and will pass along any comments he may add. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: J. O'Malley To: canslim@lists.xmission.com Date: Wednesday, March 04, 1998 7:42 PM Subject: [CANSLIM] Non-canslim (economics?) >To the group, I was wondering where the group sees mortgage interest >rates going(rise or fall)? I watched the bond market rise today as the >stock market slumped. In addition, I have been watching the FED as well >as Greenspan's presentation on the Hill. I am settling on a home in 30 >days, and would appreciate the groups economic insight. > "To Lock(in) or not to Lock...That is my quest" Thanks in advance! > Jerry O'Malley Philadelphia, PA > > > >- > - - ------------------------------ Date: Wed, 4 Mar 1998 20:50:05 -0500 From: "Tom Worley" Subject: [CANSLIM] EPIQ For those still trying to understand what I intended to do with EPIQ, just look at a current chart (preferably DG Online, but any will likely show the same thing). The stock got way too far ahead of itself, then sold off on serious profit taking. Found support in the upper 13 and low 14 level. My indecision (and ego and greed, wanted to get it even cheaper) prevented me buying it at 13.625 yesterday when it began to reverse. Had I been more aggressive, I would be sitting on a better than three point (over 20%) profit in just two trading days. The key here for me was a) knowing the stock and how it trades; b) recognizing it had excellent CS elements (99, 99, A, A); and c) watching for the correction and subsequent reversal as a new entry point. I don't know how it will be affected in the likely selloff tomorrow, but it was moving up today when the mkt was going south. It is now too late if it holds or moves higher. The key was to be able to buy it cheap for its quality CS elements and hope for a bounce, which has now taken place. Should it again sell off, and present a buying opportunity in the 13.5 to 14 range, it may be opportunistic, but now only for longer term holders, it's already had its bounce and I would not expect as strong a reversal. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Wed, 4 Mar 1998 21:02:19 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Screening result. Note that EONE is already under an acquisition scenario, thus upside potential is primarily limited to the arbitrage players. CHRZ and HCFP in particular look worth watching. Several others (SAPE, KEA, IMRS) have very good CS elements but are quite extended on today's close. Perhaps if they correct with the mkt they may present new entry point opportunities. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Chih Yu Chao To: canslim@lists.xmission.com Date: Tuesday, March 03, 1998 12:24 PM Subject: [CANSLIM] Screening result. > Hi, good day, > > Made a CS screening over the weekend, the results are: > > SAPE, KEA, IMRS, ADVP, HCFP, CHRZ, TGIC, STAF, PPD. > > Some other stocks which you might have interests: > > TOC, DTRX, EONE > > I also checked some stocks that had heavy insider buying that > might interest you, too. ;-) > > MDM, MRM, GPI, ENR, IDTI(Yes, IDTI) > > Happy trading/investing. > > ChihYu > >- > - - ------------------------------ Date: Wed, 4 Mar 1998 20:08:09 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] EPIQ Hello Tom , I'm new to group, posted a intro to website the other day. Was wondering, DG Online? A research site? It seems I travel to several sites just trying to get basic info on a company. joe - - ------------------------------ Date: Wed, 4 Mar 1998 21:10:20 -0500 From: "Tom Worley" Subject: [CANSLIM] Some my office has been buying SMTK, BEST, and LHSPF (sorry I didn't mention this one before today, too late now, but I lacked confidence in it). Wanna see a volume led price spike, look at GMGC (a deal with MSFT gave it credibility today for a triple). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Wed, 4 Mar 1998 21:20:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] EPIQ Hi Joe, Daily Graphs Online (DGO or DG Online) is a Wm O'Neill site with true Canslim charts on all listed and NASDAQ stocks. Once commercialized, it's not cheap, about $700/year. It is, for the moment (thanks to all the beta testers who keep pointing out flaws - keep up the good work, guys) still in beta testing but this could end any day. The software can be found at www.dailygraphs.com, and then you have to register and get a password. They are not charging just yet even if you give them a credit card. Once ready to go commercial, they will kill all the passwords and you will have to affirm the billing info to gain future access. Another site many here have been using is www.bigcharts.com, (BC). It allows manipulation of a chart using many different technical indicators. I just recently discoveed it also charts bulletin board stocks, as well as ones that are no longer trading (due acquisitions, or whatever) so nice for historical purposes as well. The best feature of DGO is that you can get all your CS data at one site. On the other hand, it lacks any real screening capability at this time (keep up the complaints on this one, guys, we may change it yet). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Joe Scott To: canslim@lists.xmission.com Date: Wednesday, March 04, 1998 9:06 PM Subject: Re: [CANSLIM] EPIQ >Hello Tom , >I'm new to group, posted a intro to website the other day. >Was wondering, DG Online? A research site? >It seems I travel to several sites just trying to get basic info on a >company. >joe > > > >- > - - ------------------------------ Date: Wed, 4 Mar 1998 20:32:58 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] EPIQ Tom, Thanks, I'm on my way to look.. I 'm reading his book, and have tryed to find a few Canslim canidates. This is one that might fit, only thing I've been able to find, not having any screening capibilities. KVCO see what you think. joe - - ------------------------------ End of canslim-digest V2 #135 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.